Bixin IoT reduce ingresos en un 0.97% en 2025, y la pérdida neta se amplía a 85.42 millones de yuanes

Whale News, April 2, reported on April 2, Bixing Wulian released its 2025 performance report. The data shows that in 2025, the company achieved operating revenue of 326 million yuan, a year-on-year decrease of 0.97%; net profit attributable to shareholders was -85.4252 million yuan, compared with -38.5461 million yuan in 2024, with the loss widening; non-recurring profit and loss net profit was -97.5210 million yuan, which also shows an expanding loss compared with -52.6241 million yuan last year; net cash flow from operating activities for the full year was -43.8393 million yuan, compared with 188 million yuan in the prior year, turning into net outflows; the consolidated gross margin ratio decreased by 10.78 percentage points year-on-year to 13.53%.

By quarter, in 2025, the loss was clearly concentrated in the fourth quarter. Single-quarter operating revenue was 141 million yuan, accounting for 43.31% of the full year; net profit attributable to shareholders was -45.1093 million yuan, accounting for 52.81% of the full-year loss amount; non-recurring profit and loss net profit was -49.0370 million yuan, accounting for 50.28%.

The structure of the main business continues to extend toward service-based offerings. Environmental monitoring instruments and systems, together with environmental monitoring operation services, accounted for 88.54% of main business revenue. Their revenue share structure has further converged compared with previous years; the former saw a slight year-on-year decrease, while the latter saw a slight year-on-year increase.

Regional distribution remains highly concentrated. Revenue share in South China reached 32.55%, which is higher by 10.23 and 16.27 percentage points than in North China and Southwest China, respectively; the combined share of North China and Southwest China was 38.60%, and the total revenue share of the three major regions—South China, North China, and Southwest China—was 71.15%.

In 2025, R&D expenses were 46.7619 million yuan, up 12.36% year-on-year; the ratio of R&D expenses to revenue rose to 14.34%, the highest level in recent years; the number of R&D personnel decreased from 106 to 103. The coexistence of an increase in the sales expense ratio and the R&D expense ratio reflects that, against the backdrop of a contraction in industry demand, the company still maintains its level of technical investment.